To approve tax increment financing and single business tax
credit incentives for the Water Street Brownfield redevelopment
project

In the City of Ypsilanti

To develop the former industrial and commercial site into a
mixed-use development that will include more than 540 new residential
units and approximately 96,000 sq. ft. of commercial space (office and
retail)

By providing tax increment financing and single business tax
credit incentives for the Water Street Brownfield redevelopment
project

In collaboration with the Washtenaw County Brownfield
Redevelopment Authority and the City of Ypsilanti

Resulting in the environmental and economic restoration of the
property, the addition of approximately 300 new jobs, and increasing the
tax base for the City, County and other relevant tax jurisdictions by
approximately $2.3 million annually